flag-gb flag-my flag-zh flag-id flag-th flag-vi

COMMODITIES TECHNICAL ANALYSIS October.18

Gold

The XAU/USD traded flat on Monday. The price is stuck between 2150 and 2160. Gold prices bounced from the lower limit of the range and advanced north towards 2160 dollar per ounce. The resistance is at 2160, the support comes in at 2150 dollar per ounce.

The price may reverse some of its losses if it returns to 2160. We expect a downward pressure to persist. In this potential scenario yellow metal will decline to 1310 dollar per ounce.
18_10_2016_xauusd_1

Brent

Brent prices had a negative day yesterday. An attempt to recover stalled at the mark 52.20 dollar per barrel. The price faced a selling pressure and fell to 51.50. The resistance is at 51.50, the support comes in at 50.50 dollars per barrel.

If the downward pressure persists the Brent prices might extend the recovery towards 50.50.

18_10_2016_brent

Read the full review on our site:
https://www.fortfs.com

Latest news

Deposit Bonus 200%

2021-04-13 10:05:09

Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications